A licensing coordinator compares the file facts with HPA PMI Disclosures during a licensing team review. Which conclusion is accurate?
Correct Answer
D) Automatically terminate PMI at 78 percent if current
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Automatically terminate PMI at 78 percent if current".
Why This Is the Correct Answer
HPA has separate borrower-requested, automatic, and final PMI termination rules. The best answer is "Automatically terminate PMI at 78 percent if current".
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